7-Eleven is closing more than 400 locations

7-Eleven is closing 444 underperforming locations across North America, citing declining sales, lower foot traffic, inflation, and a drop in cigarette purchases.

This accounts for 3% of its 13,000 stores in the U.S., Canada, and Mexico.

The closures are part of the company’s strategy to remain efficient and profitable amid challenges, including a 26% decline in cigarette sales since 2019 and competition from online and discount retailers.

Despite this, 7-Eleven plans to invest in its food offerings, which are now its top sales category, CNN has reported.

read more: https://www.cnn.com/2024/10/11/business/7-eleven-closures/index.html

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